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Red Lodge, MT real estate

Compare top Red Lodge real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for November 2026.*


*Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Red Lodge real estate Market Report.

Information and statistics on the latest trends in the Red Lodge real estate market. *

Latest Rolling 3-Month Snapshot

Jul 1, 2026 - Sep 30, 2026

Median sale price
$540K
-10% from Q2 '26
Median list price
$608K
+6.7% from Q2 '26
Active listings
73
+9% from Q2 '26
Homes sold
27
+80% from Q2 '26
New pendings
40
+111% from Q2 '26
New listings
22
-41% from Q2 '26

Quarterly Pricing Trends for Red Lodge

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Red Lodge Q4 '21 Q4 '22 Q4 '23 Q4 '24 Q4 '25 Q3 '26 Median sale price in Oct 2021 - Dec 2021: $412K Median sale price in Jan 2022 - Mar 2022: $440K Median sale price in Apr 2022 - Jun 2022: $402K Median sale price in Jul 2022 - Sep 2022: $504K Median sale price in Oct 2022 - Dec 2022: $450K Median sale price in Jan 2023 - Mar 2023: $675K Median sale price in Apr 2023 - Jun 2023: $524K Median sale price in Jul 2023 - Sep 2023: $435K Median sale price in Oct 2023 - Dec 2023: $590K Median sale price in Jan 2024 - Mar 2024: $735K Median sale price in Apr 2024 - Jun 2024: $548K Median sale price in Jul 2024 - Sep 2024: $567K Median sale price in Oct 2024 - Dec 2024: $539K Median sale price in Jan 2025 - Mar 2025: $519K Median sale price in Apr 2025 - Jun 2025: $585K Median sale price in Jul 2025 - Sep 2025: $523K Median sale price in Oct 2025 - Dec 2025: $577K Median sale price in Jan 2026 - Mar 2026: $522K Median sale price in Apr 2026 - Jun 2026: $600K Median sale price in Jul 2026 - Sep 2026: $540K Median list price in Oct 2021 - Dec 2021: $400K Median list price in Jan 2022 - Mar 2022: $550K Median list price in Apr 2022 - Jun 2022: $540K Median list price in Jul 2022 - Sep 2022: $532K Median list price in Oct 2022 - Dec 2022: $518K Median list price in Jan 2023 - Mar 2023: $667K Median list price in Apr 2023 - Jun 2023: $522K Median list price in Jul 2023 - Sep 2023: $534K Median list price in Oct 2023 - Dec 2023: $532K Median list price in Jan 2024 - Mar 2024: $584K Median list price in Apr 2024 - Jun 2024: $595K Median list price in Jul 2024 - Sep 2024: $519K Median list price in Oct 2024 - Dec 2024: $470K Median list price in Jan 2025 - Mar 2025: $600K Median list price in Apr 2025 - Jun 2025: $577K Median list price in Jul 2025 - Sep 2025: $574K Median list price in Oct 2025 - Dec 2025: $560K Median list price in Jan 2026 - Mar 2026: $578K Median list price in Apr 2026 - Jun 2026: $570K Median list price in Jul 2026 - Sep 2026: $608K Oct 2021 - Dec 2021 Median sale price $412K Median list price $400K Jan 2022 - Mar 2022 Median sale price $440K Median list price $550K Apr 2022 - Jun 2022 Median sale price $402K Median list price $540K Jul 2022 - Sep 2022 Median sale price $504K Median list price $532K Oct 2022 - Dec 2022 Median sale price $450K Median list price $518K Jan 2023 - Mar 2023 Median sale price $675K Median list price $667K Apr 2023 - Jun 2023 Median sale price $524K Median list price $522K Jul 2023 - Sep 2023 Median sale price $435K Median list price $534K Oct 2023 - Dec 2023 Median sale price $590K Median list price $532K Jan 2024 - Mar 2024 Median sale price $735K Median list price $584K Apr 2024 - Jun 2024 Median sale price $548K Median list price $595K Jul 2024 - Sep 2024 Median sale price $567K Median list price $519K Oct 2024 - Dec 2024 Median sale price $539K Median list price $470K Jan 2025 - Mar 2025 Median sale price $519K Median list price $600K Apr 2025 - Jun 2025 Median sale price $585K Median list price $577K Jul 2025 - Sep 2025 Median sale price $523K Median list price $574K Oct 2025 - Dec 2025 Median sale price $577K Median list price $560K Jan 2026 - Mar 2026 Median sale price $522K Median list price $578K Apr 2026 - Jun 2026 Median sale price $600K Median list price $570K Jul 2026 - Sep 2026 Median sale price $540K Median list price $608K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
18
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Jul 2026 - Sep 2026).

Year-over-year, Red Lodge home values have edged up, with the typical home value rising a few percent while the median list price has grown a bit faster. At the same time, inventory has tightened compared to a year ago, even as homes are selling more quickly on average. A sharp drop in months of supply over the past year underscores how conditions have shifted toward sellers in this rolling three-month view.

Looking at the latest three months through September 2026, buyers are seeing a typical home value around the mid-$500,000s and a median list price closer to the low $600,000s. Sales activity has picked up notably, with homes sold and pending sales both substantially higher than a year earlier, even though new listings have declined.

Current inventory sits in the low 70s for active listings, and a median of about two months on the market suggests many properties still take some time to find a buyer. Only a small share of homes goes under contract within two weeks, and none in this period sold above list price, indicating that pricing power is more about steady demand than bidding wars. With months of supply now in the mid-single digits and the overall gauge still pointing to a seller’s market, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these nuanced conditions.



Learn more about what Red Lodge has to offer.

Red Lodge offers residents a vibrant, close-knit community with year-round outdoor recreation, thriving local arts and culture, and a welcoming small-town atmosphere that makes everyday life feel active and connected.

Red Lodge stands apart from nearby Billings and Carbon County communities with its true small-town core and easy access to the Beartooth Highway and high-country adventures. Locals know each other by name, yet the area welcomes visitors drawn to skiing, hiking, and a historic downtown that still feels authentic.

Along Broadway, you will find galleries, cafes, and long-running institutions like Red Lodge Mountain for winter sports and summer events. Outdoor time is part of daily life, with trails leading into the Custer Gallatin National Forest and family-friendly parks maintained by the City of Red Lodge. Dining ranges from casual staples to refined mountain cuisine, while the Carbon County Arts Guild & Depot Gallery and the Yellowstone Wildlife Sanctuary offer year-round cultural and educational experiences.

Housing in Red Lodge reflects a mix of historic homes near downtown, vacation cabins, and newer builds on the valley floor. Market conditions can shift quickly, influenced by tourism, seasonal demand, and interest from buyers in nearby places like Billings and Bozeman. For residents considering a sale or newcomers hoping to secure the right property before the next season hits, timing and preparation are crucial. Agent Pronto connects you with a real estate professional who understands Red Lodge’s unique rhythm and can guide both buyers and sellers through each step with confidence.

Find your Red Lodge real estate agent today →


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“I went online to pick a realtor, and Damian was the first person to call me back. I cannot say enough how much I appreciated the patience that he had with me. He knew my condo would be a flip and he told me that he had some low ball offers and he got me the best price. Selling a house can be very stressful and believe me, I'm high strung enough as it is, but Damian was able to calm me down when I needed it.”

Traci Wiest · Billings, MT

Photo of Damian Forrester
eXp Realty LLC - Forrester Group Real Estate
“Gene is absolutely the best in town. His knowledge of all the areas is top notch. He’s great at communicating and carries himself with nothing but professionalism. Working with Gene made the process so easy and stress free. Gene has got you for whatever you need!”

Charles Masten ·

Photo of Gene Hauck
Engel & Völkers The Morales Group at Engel & Voelkers - Billings
“Katie was so professional and very personable. She was always willing to help us and show us the houses we wanted to see (we toured a LOT of houses!). We told her what we were looking for and she advised us of any issues with the area or with some concerns that we wouldn't have even thought of. We had so many questions and she always had an answer. We HIGHLY recommend Katie! We have told all our friends and family how AMAZING she is!”

aresegypt ·

Photo of Katie Klaus
Meridian Real Estate
“There are some people in life who are more than just professionals—they're people you trust with some of life's biggest moments. That's exactly who Adarie is to our family. Growing up together and going to middle and High school as friends, I always knew she had a kind heart. Getting to watch Adarie help my husband and me purchase our very first home made me realize just how incredible she truly is—not only as a realtor, but as a person. Moving from Cody, Wyoming to Laurel, Montana was a huge change for us, and buying our first home felt exciting, overwhelming, and a little scary all at the same time. Through every step of the process, she was right there beside us. No question was ever too small or too silly. Adarie always took the time to explain everything in a way we understood, and if she didn't know an answer immediately, she went above and beyond to find it for us. We never felt alone, confused, or like we were "just another client." She genuinely cared about making sure we felt confident every step of the way. What touched my heart the most is that her care didn't stop the day we closed. She surprised us with such a thoughtful housewarming gift, and it was a beautiful reminder that this wasn't just another transaction to her. She truly celebrates these milestones with the families she helps. Buying your first home is something you'll remember forever, and because of her, ours is filled with wonderful memories instead of stress. We are so incredibly grateful for her patience, kindness, honesty, and dedication. She made one of the biggest moments of our lives feel exciting, supported, and full of hope. Thank you from the bottom of our hearts for helping us start this new chapter. We will forever be grateful for everything you did for our family. If you're looking for someone who genuinely cares about her clients and will go above and beyond every single step of the way, I can't recommend Adarie enough.”

KeeAwna Jamgochian ·

Photo of Adarie Baxter
Real Broker, LLC
“I can't say enough good things about Merlin. He was professional, knowledgeable, and always available to answer any of my concerns I had throughout the process. Merlin went above and beyond to make sure everything went smoothly and worked tirelessly to help me find and secure my new home. His dedication, communication, and commitment made the entire experience much easier and less stressful. I highly recommend Merlin for anybody that is looking for a home and expects nothing but the best from their realtor. He is a breath of fresh air when dealing with him. You'll definitely be impressed.”

genoseals8 ·

Photo of Merlin Lipin
Engel & Völkers Billings
“The amount of gratitude we have for Cari is beyond words. As first time homebuyers this was a huge feet to accomplish and Cari made sure to keep us informed, connected, and confident every step of the way. Our journey began somewhat rocky with our first lender and prospective house, but Cari provided us with an amazing contact at Stockman Bank and THE BEST INSPECTOR, at Tightline home inspections. We were house hunting a little out of town and Cari showed up for us in every way. From the inspection walk throughs, to the spam text messages I sent her throughout the day, she was absolutely amazing. We will recommend Cari time and time again. She truly puts every ounce of heart into her clients!”

Chelsea Gonzalez · Ryegate, MT

Photo of Cari Baxter
The Real Estate Hub
“My fiancé and I were relocating from Michigan to the Helena area and needed to move quickly due to a new career opportunity. On a short trip to Montana to explore the area and attend a job interview, I reached out to Golden West Properties just hoping to get some basic guidance. What I got instead was something extraordinary. Within three days, we had a meeting set up with both Sadie & Andy, and from the moment we met them, we felt instantly comfortable and taken care of. They weren’t just professional—they were warm, genuinely invested in our journey, and completely dialed in to what would be the best fit for our family. They listened to our needs, anticipated things we hadn’t even thought of yet, and treated our move like it mattered personally to them. Here’s the truly amazing part—they found us a home that matched our needs perfectly in just three days. We made an offer right away, and thanks to their expertise and dedication, we closed in just one month. Everything moved quickly, smoothly, and felt completely aligned with what we hoped for. Sadie and Andy have a vibe that’s honestly unmatchable—down-to-earth, smart, and incredibly kind. We never felt pressured, rushed, or like "just another client." Instead, we felt like we had true partners walking alongside us as we made one of the biggest decisions of our lives. If you're looking for realtors who are not only amazing at what they do but are also amazing people, Sadie & Andy are it. We can’t recommend them enough!”

melissafelecefoley ·

Photo of Sadie Taylor
Windermere - Helena
“Jenny recently helped me in the sale of my house. She was able to make the process go smoothly. If you are considering buying or selling a home, I would recommend that you let Jenny find it 4 U!!!”

lisastevens6464 ·

Photo of Jennifer Christenot
Fathom Realty Group
“Being a first time home buyer comes with a lot of questions and uncertainty. Alexis was very knowledgeable and eased all of the uncertainties that came along throughout the process. She went above and beyond making sure we were comfortable and confident with all of the decisions we made along the way. We are thrilled with the outcome and can't wait to work with Alexis in the future!”

Halle Redding · Billings, MT

Photo of Alexis Bidlake
Century 21 Hometown brokers
“Ken was very thoughtful and precise with his approach to selling our home. Super Knowledgeable with good communication skills yes I would use Ken for all my realtor needs”

zuser20161003190409272 ·

Photo of Ken Mucha
Keystone REgroup @ RE Hub
“Hannah was amazing to work with! We appreciated her attention to detail and quick responses. We are out of town buyers and she was able to accommodate all of our needs despite us not being there.”

qkcrmpvck8 ·

Photo of Hannah Reno
Keller Williams Yellowstone Properties
“Ken was wonderful to work with. We worked with Ken purchasing two homes and selling one. I would and have recommended him to many friends. I plan on purchasing another home with Ken’s help. Thanks Ken”

drossos fict ·

Photo of Ken Mucha
High Desert Realty
“Jo was great. Took offer from first day house was on the market!”

Jody M. · Billings, MT

Photo of Jo Colvin
Modern Montana Real Estate
“Kelly helped us with a purchase when we moved to Billings in 2019. She has a lot of knowledge about the area and was quick to answer all of our questions. She also hung in there when we were outbid a few times, bringing us new listings that were what we were looking for as soon as they hit the market.”

miryan1 ·

Photo of Kelly Bohnet-Erickson
Black Horse Realty

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Red Lodge. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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